The EU-India mega-deal

The EU-India mega-deal

Author: ECFR January 29, 2026 Duration: 18:46
Mark Leonard's World in 30 Minutes
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In an emergency podcast episode, Mark Leonard welcomes James Crabtree, ECFR distinguished visiting fellow and former Mumbai bureau chief for the Financial Times, to discuss the long-awaited EU-India trade deal.

 

The agreement, nearly 20 years in the making, was signed in New Delhi by Ursula von der Leyen, Antonio Costa and Narendra Modi, and has been dubbed the “mother of all deals”. It aims to integrate two massive markets—representing a quarter of the global population—slash tariffs, boost services trade and reduce dependencies on China and the US.

 

Mark and James explore India’s strategic pivot amid US tariffs, the potential for deeper defence and tech ties, and Europe’s quest for autonomy in a multipolar world. Is this a game-changer for global trade flows? Can Europe and India forge a true superpower partnership, or will domestic politics and external pressures derail progress? And is this the birth of a new geopolitical axis?

 

This podcast was recorded on January 28, 2026.

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Each week, Mark Leonard's World in 30 Minutes cuts through the noise of global headlines to explore the deeper forces at play. Curated by Mark Leonard, who directs the European Council on Foreign Relations, this ECFR podcast brings together leading thinkers, policymakers, and analysts from across Europe and the wider world. Their conversations move beyond the day's news to debate the underlying policies, strategic ideas, and geopolitical shifts that are actively shaping our future. The focus is consistently on understanding Europe's place in a complex international landscape, examining how it responds to crises and where it can exercise influence. Recognized for its quality with PolicyLab's 2019 award for best podcast on EU politics, this series delivers concise, substantive dialogue that fits into a busy schedule. As part of the EuroPod network, it offers a vital perspective for anyone looking to grasp not just what is happening, but why it matters. Tune in for a regular dose of informed discussion that connects the dots between events, decisions, and their long-term consequences.
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